The European cat food market value surpassed USD 14 billion in 2018 and is expected to grow at 5% CAGR during the forecast period.

Selbyville, United States - May 16, 2019 /MarketersMedia/ —

United Kingdom is the major growth contributor in the European cat food market. Asia Pacific is the fastest growing region for the cat food and snacks market owing to the increasing humanization and increased trend of having pet animal along with increased consumer spending.

Major players in the global cat food market include Mars Inc., Nestle, Colgate-Palmolive, The J.M. Smucker Company, Schell & Kampeter, Inc., General Mills, Inc, Spectrum Brands., Blue Buffalo Pet Products Inc, Beaphar, WellPet LLC, Diamond Pet Foods, PetGuard, Harringtons, etc. Major players in the market are engaged in the development of new products and expansion of their production capacity. For instance, In July 2017, Mars Petcare has launched ‘Crave’ a new brand of High-protein dog and cat food catering to pet’s instinctual desires. This new product will contribute in increasing product portfolio and revenue of the company.

Cat food and snacks are distributed through different distribution channels including specialized supermarkets/hypermarkets, pet food shops, online sellers and others. Other type of distribution channels includes pharmacies, convenience stores, etc. Supermarket or hypermarket is highly preferable distribution channel and expected to grow rapidly during the forecast period owing to the fact that it offers customer a large market space which enables customer to buy their pet food along with their monthly groceries. This channel has high sale and extensively preferred by the developed countries and is also penetrating in the developing economies such as China and India.

The overall Cat Food Market is expected to surpass USD 38,000 million by 2025; according to a new research report by Global Market Insights, Inc. Global market size is majorly driven by increasing trend of humanization by the pet owners. The global pet care business generated revenue close to USD 90 billion in 2013 and surpassed USD 115 billion in 2018, with growth close to 5% over the past five years. Besides, pet food accounts for approximately 70% of the overall revenue generated by pet care business. Thus, humanization of pets will subsequently boost cat food and snacks market size by 2025.

Owners are providing special products to their pets which the taste of their own foods along with providing special health benefits. This trend is expected to continue and anticipated to boost the global cat food market during the forecast time period. Increasing awareness in pet owners in Asia Pacific and Latin America about the health and diet of their pet will have positive effect on the cat food and snacks market during the forecast period.

Stringent regulations and standards prescribed by the different regulatory bodies such as US FDA are the key restraining factors for the growth of cat food and snacks market over the forecast period. For instance, according to the laws of U.S. pet food must have to meet the USFDA as well as state requirements. The different regulations cover finished pet food products as well as the ingredients used in these products.

Cat treat and mixers are grain free products available in pouch, can, beef jerky, sausage, chicken ribs, chicken breast, etc. These products are used as appetizer or topper for cats with different health problems which mainly include gastrointestinal disorder, diabetes, allergies, overweight, etc. Therefore, cat treats and mixers market are expected to grow exponentially owing to increasing awareness about the health and dietary requirements of the pet in pet owners in the forthcoming years.

Cat food market is bifurcated into food and treat & mixers, of which food is further divided into dry and wet food. Dry cat food is made of different types of food grains while wet cat food is made of meat and fish as primary ingredients. Wet cat food market is expected to witness high growth during the forecast timeframe as cats prefer wet food as compared to dry food, since they cannot produce enzymes necessary for the digestion of carbohydrates present in the dry food.

BEIJING — Stepping up Beijing's propaganda offensive in the tariffs standoff with Washington, Chinese state media on Friday accused the U.S. of seeking to "colonize global business" with moves against Huawei and other Chinese technology companies. There was no word from either side on progress toward resuming talks between the world's two largest economies, though President Donald Trump said he expected to meet with his Chinese counterpart Xi Jinping next month at a G-20 meeting in Japan. Negotiations over how to cut the huge, longstanding U.S. trade deficit with China and resolve complaints over Beijing's methods for acquiring advanced foreign...

BEIJING — The Latest on trade tensions between the U.S. and China (all times local): 6:10 p.m. South Korea says it's discussing security issues regarding its 5G, or fifth generation, cellphone networks with the United States following a report the Trump administration is demanding that Seoul join a "war" against Huawei. South Korea's Foreign Ministry and presidential office did not confirm Friday a report by the Chosun Ilbo newspaper that U.S. officials want Seoul to block a local wireless carrier that uses Huawei equipment for its 5G services from unspecified "sensitive areas." It's unclear whether Seoul would accept potential U.S....

NEW DELHI — India's Prime Minister Narendra Modi has been meeting with leaders of his Bharatiya Janata Party fresh off his party's thunderous victory in the general elections. A party official says Modi has arranged to meet with Cabinet members Friday evening. The Election Commission says the BJP won 301 out of the 525 constituencies in the Lok Sabha, the lower house of Parliament, as of late morning Friday. The party's top rival, the Indian National Congress led by Rahul Gandhi, won 52 seats, and the All India Trinamool Congress led by West Bengal chief minister Mamata Banerjee won 22...

BEIJING — Companies were bracing Monday for how Beijing might retaliate against President Donald Trump's escalation of a fight over technology and trade that threatens to disrupt a Chinese economic recovery. Regulators have threatened "necessary countermeasures" for Trump's tariff hikes Friday on $200 billion of Chinese imports. But three days later, in a break with previous tit-for-tat penalties that were imposed immediately, Beijing had yet to announce what it might do. A foreign ministry spokesman said Monday that he had no details about Chinese plans or high-level contacts since negotiations ended Friday without a deal. "We are determined and capable...

NEW DELHI — Indians voted Sunday in the next-to-last round of a six-week-long national election marked by a highly acrimonious campaign that has seen Prime Minister Narendra Modi blame opposition party chief Rahul Gandhi's family for the country's ills. Sunday's voting in 59 constituencies, including seven in New Delhi, the capital, will complete polling for 483 of 543 seats in the lower house of Parliament. The voting for the remaining 60 seats will be held on May 19, and vote counting begins four days later. India has 900 million voters. Turnout in the first five phases averaged 67%, nearly the...